If you are thinking about investing in real estate, you probably have some questions about expenses. Who, for instance, pays the utility bills for a home – the landlord or the tenant? Investors often have this question for Adiel Gorel. Watch the video to know the answers.
Key Insights:
✅ When we speak about utility bills, we are talking about expenses such as electricity bills, bills for gas, water/sewage and garbage disposal. Who pays these in a rented property?
✅ If you have bought real estate as an investment, do you as a landlord have to pay the utilities or does the person who leases /rents the property from you have to pay for these?
✅ Adiel says that in most cases, it is the tenant who pays for the utilities and not the property owner or lessor. This is almost 100% true in the case of single family homes.
✅ While the property owner is responsible for paying insurance, property taxes, repairs, and for property management, payment of the utility bills is usually the tenant’s responsibility.
✅ However, this can differ in the case of large apartment complexes. Some of these houses do not have separate meters and landlords may have to pay, which can be very costly.
Author, Investment Expert and Thought Leader, Adiel Gorel isn't just a specialist in his chosen fields but also a storyteller who makes complex issues easily accessible. Tune in to his show where he addresses diverse investment issues with a single aim to help you finance a long, comfortable life.
Have questions? Seeking the right information is the first step toward improving your financial health. Post your questions in the comment box below or get in touch with me directly.
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